News

Scottish Life has removed the Close TEAMs Global Alpha fund from its £55.1m Global Blend Core Plus pension fund after a "sustained period of underperformance".

National Grid has confirmed it is reviewing its two defined benefit pension schemes in an attempt to control the cost of future accrual.

Lloyds Banking Group has taken a £2.1bn hit to its balance sheet after adopting revised accounting standards for its pension scheme 12 months early.

The National Employment Savings Trust has hit a landmark of over 100,000 participating members, a step towards its target of at least two million members by the end of staging.

Whitbread has increased the value of its asset-backed funding arrangement with its pension scheme to continue tackling its deficit, its latest results show.

Royal Mail Pension Trustees has appointed a new chief executive following Gerry Degaute's decision to step down after 25 years at the scheme.

Partnership has appointed Richard Willets as director of longevity, to develop its research and development capability.

Eastman Kodak is to hand over part of its business to the trustees of its UK scheme in a deal that will release the company from a $2.8bn (£1.8bn) claim to support the underfunded scheme.

The impact of quantitative easing on pension scheme funding levels is diminishing with every new round of monetary stimulus, JP Morgan Asset Management says.

The Treasury's drive to attract pension fund investment in infrastructure projects could see the bill fall heavily on the taxpayer, MPs have warned.